In early December, a New York Times article, in Great Homes and Destinations, an International Real Estate section, contained an overview of San Miguel de Allende’s current real estate market. In recovery mode since 2008, when prices dropped 25% – 30%, today sales are up. However, bargain hunting snowbirds seeking rock bottom deals, are driving the volume, continuing the downward pressure on prices. In addition, Mexican purchasers are increasingly entering the fray, especially in the middle-range. There are Canadians too, eh, wielding fattened loonies.
